Trinidad Cement Limited (TCL) has submitted a Supplemental Directors’ Circular dated January 19, 2017 in respect of the Amended Offer made by Sierra Trading to purchase up to 132,616,942 ordinary shares so as to result in Sierra Trading holding not more than 74.9% of the issued and outstanding shares of TCL at a cash price
Caribbean Flavours & Fragrances Limited (CFF) has advised that Derrimon Trading Company Limited (DTL) on January 17, 2017 announced their intention to make a take-over bid to acquire 50.98% of the issued shares in CFF (or 45,841,911 ordinary shares in CFF), at a price of J$4.50 per stock unit to stockholders in Jamaica (the Offer).
Kingston Properties Limited (KPREIT) has advised that a total of USD4.5M was spent on its recent acquisition of two properties in Jamaica and the Cayman Islands, bringing the total number of properties held to thirty. The acquisition was financed using bank debt from institutions in the US, Jamaica and the Cayman Islands in both USD
Berger Paints Jamaica Limited (BRG) traded at its 52-week high of $6.75.
U.S.:Yellen Backs Gradual Rate Rises as Fed Not Behind the CurveFederal Reserve Chair Janet Yellen backed a strategy for gradually raising interest rates, arguing that the central bank wasn’t behind the curve in containing inflation pressures but nevertheless can’t afford to allow the economy to run too hot. “I consider it prudent to adjust the
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Kingston Properties Limited (KPRIET) has advised that it has completed the acquisition of a property located on Spanish Town Road in Kingston. The property is a warehouse and office complex that is leased to operators of manufacturing, distribution and logistics businesses.
138 Student Living Jamaica Limited (138SL) has advised that a connected party sold 30,734,795 138SL shares on January 13, 2017.
U.S.:U.S. jobless claims fall unexpectedly in latest weekThe number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in decades. Initial claims for state unemployment benefits declined by 15,000 to a seasonally adjusted 234,000 for the week ended Jan. 14, the Labour Department said on Thursday.
Kingston Properties Limited (KPREIT) has advised that on January 18, 2017, KPREIT completed the acquisition of a property located on Spanish Town Road in Kingston. The property is a warehouse and office complex that is leased to operators of manufacturing, distribution and logistics businesses. KPREIT advised that the acquisition represents the third Jamaican property currently
